Detailed Single Year Tables

Description of Proposed Provision:
B5.7: Beginning for those newly eligible in 2019, reconfigure the special minimum benefit: (a) The number of years of work (YOWs) is determined as total quarters of coverage divided by 4, ignoring any fraction. Childcare years are granted to parents who have a child under 6, with a limit of 5 such years. (b) At implementation, set the PIA for 30+ YOWs equal to 100 percent of the monthly HHS poverty level for the year prior to eligibility. For workers between 11 and 29 YOWs, reduce the special minimum by 3 1/3 percentage points per YOW so that at 29 YOWs the minimum would be 96 2/3% of poverty, ..., down to 11 YOWs at 36 2/3% of poverty. No minimum for 10 or fewer YOWs.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2016

14.05

12.94

-1.10

303

0.00

0.00

0.00

2017

13.72

12.92

-0.80

293

0.00

0.00

0.00

2018

13.86

12.96

-0.90

277

0.00

0.00

0.00

2019

13.99

12.97

-1.02

262

0.00

0.00

0.00

2020

14.14

12.98

-1.16

246

0.00

0.00

0.00

2021

14.28

13.00

-1.28

231

0.01

0.00

-0.01

2022

14.50

13.04

-1.47

216

0.01

0.00

-0.01

2023

14.77

13.06

-1.71

199

0.01

0.00

-0.01

2024

15.04

13.09

-1.95

182

0.02

0.00

-0.02

2025

15.31

13.11

-2.19

165

0.02

0.00

-0.02

2026

15.49

13.13

-2.37

148

0.02

0.00

-0.02

2027

15.67

13.14

-2.53

131

0.03

0.00

-0.02

2028

15.84

13.16

-2.68

114

0.03

0.00

-0.03

2029

16.00

13.17

-2.83

97

0.03

0.00

-0.03

2030

16.13

13.18

-2.95

80

0.03

0.00

-0.03

2031

16.25

13.19

-3.06

62

0.03

0.00

-0.03

2032

16.36

13.20

-3.16

44

0.03

0.00

-0.03

2033

16.44

13.21

-3.23

25

0.03

0.00

-0.03

2034

16.50

13.21

-3.28

6

0.03

0.00

-0.03

2035

16.53

13.22

-3.31

----

0.04

0.00

-0.03

2036

16.59

13.22

-3.37

----

0.04

0.00

-0.03

2037

16.64

13.23

-3.41

----

0.04

0.00

-0.03

2038

16.65

13.23

-3.42

----

0.04

0.00

-0.03

2039

16.65

13.23

-3.41

----

0.04

0.00

-0.03

2040

16.63

13.23

-3.39

----

0.04

0.00

-0.03

2041

16.60

13.23

-3.36

----

0.04

0.00

-0.03

2042

16.57

13.23

-3.34

----

0.04

0.00

-0.03

2043

16.54

13.23

-3.30

----

0.04

0.00

-0.03

2044

16.50

13.23

-3.27

----

0.04

0.00

-0.03

2045

16.49

13.23

-3.25

----

0.04

0.00

-0.03

2046

16.46

13.23

-3.23

----

0.04

0.00

-0.03

2047

16.44

13.23

-3.20

----

0.04

0.00

-0.03

2048

16.42

13.23

-3.19

----

0.04

0.00

-0.03

2049

16.40

13.23

-3.17

----

0.03

0.00

-0.03

2050

16.39

13.23

-3.16

----

0.03

0.00

-0.03

2051

16.39

13.23

-3.16

----

0.03

0.00

-0.03

2052

16.40

13.24

-3.17

----

0.03

0.00

-0.03

2053

16.43

13.24

-3.19

----

0.03

0.00

-0.03

2054

16.46

13.24

-3.21

----

0.03

0.00

-0.03

2055

16.49

13.24

-3.25

----

0.03

0.00

-0.03

2056

16.54

13.25

-3.29

----

0.03

0.00

-0.03

2057

16.58

13.25

-3.33

----

0.03

0.00

-0.03

2058

16.63

13.26

-3.38

----

0.03

0.00

-0.03

2059

16.68

13.26

-3.42

----

0.03

0.00

-0.02

2060

16.73

13.26

-3.47

----

0.02

0.00

-0.02

2061

16.78

13.27

-3.51

----

0.02

0.00

-0.02

2062

16.83

13.27

-3.56

----

0.02

0.00

-0.02

2063

16.88

13.27

-3.60

----

0.02

0.00

-0.02

2064

16.93

13.28

-3.65

----

0.02

0.00

-0.02

2065

16.97

13.28

-3.69

----

0.02

0.00

-0.02

2066

17.03

13.28

-3.74

----

0.02

0.00

-0.02

2067

17.08

13.29

-3.79

----

0.02

0.00

-0.02

2068

17.13

13.29

-3.84

----

0.02

0.00

-0.02

2069

17.18

13.29

-3.89

----

0.02

0.00

-0.02

2070

17.23

13.30

-3.93

----

0.02

0.00

-0.01

2071

17.28

13.30

-3.98

----

0.01

0.00

-0.01

2072

17.32

13.30

-4.01

----

0.01

0.00

-0.01

2073

17.35

13.31

-4.05

----

0.01

0.00

-0.01

2074

17.38

13.31

-4.07

----

0.01

0.00

-0.01

2075

17.40

13.31

-4.09

----

0.01

0.00

-0.01

2076

17.42

13.31

-4.10

----

0.01

0.00

-0.01

2077

17.42

13.31

-4.11

----

0.01

0.00

-0.01

2078

17.42

13.31

-4.11

----

0.01

0.00

-0.01

2079

17.41

13.31

-4.10

----

0.01

0.00

-0.01

2080

17.41

13.31

-4.10

----

0.01

0.00

-0.01

2081

17.41

13.31

-4.10

----

0.01

0.00

-0.01

2082

17.41

13.31

-4.10

----

0.01

0.00

-0.01

2083

17.43

13.31

-4.11

----

0.01

0.00

-0.01

2084

17.45

13.31

-4.13

----

0.01

0.00

-0.01

2085

17.48

13.32

-4.16

----

0.01

0.00

-0.01

2086

17.51

13.32

-4.19

----

0.01

0.00

-0.01

2087

17.55

13.32

-4.23

----

0.01

0.00

-0.01

2088

17.59

13.32

-4.27

----

0.01

0.00

0.00

2089

17.64

13.33

-4.31

----

0.00

0.00

0.00

2090

17.68

13.33

-4.35

----

0.00

0.00

0.00

2091

17.73

13.33

-4.39

----

0.00

0.00

0.00

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2016 Trustees Report.

2016-2090

16.52%

13.85%

-2.68%

2034

0.02%

0.00%

-0.02%

&nbsp

1 Under present law, the year of Trust
Fund reserve depletion is 2034.